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Nike and FedEx Among Companies That Paid $0 in 2020 Federal Income Tax Joe Cortez April 11, 2021, 12:00 PM It’s no secret that major corporations rely on tax loopholes to reduce their tax bill and maximize total income. A new report by the Institute of Tax and Economic Policy says that in 2020, 55 major companies paid $0 in federal income tax despite collectively earning over $40 billion. See: Consumer Services, Energy and Communications Lead Zero Income-Tax List The 55 companies identified by the non-profit think tank are among some of the best known brands in the world. In the consumer services section alone, companies like Charter Communications (the parent of Spectrum Internet), Dish Network, FedEx, HP and Nike all either paid $0 in taxes or received a refund.

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